Chinese Tire Venture Service Long Files for Record Pakistan IPO

Service Long March Tyres Ltd., Pakistan’s largest manufacturer of all-steel radial tires, has filed for an initial public offering next month that could be the largest private-sector listing in the nation’s history.

The Karachi-based company has submitted paperwork to raise as much as 7.8 billion rupees ($27.9 million) from the share sale, according to Shahid Ali Habib, chief executive officer at Arif Habib Ltd., manager and underwriter in the transaction.